BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $76.71 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 10.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 524,547 shares of the utilities provider’s stock after selling 61,819 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.27% of American Water Works worth $76,710,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lake Street Advisors Group LLC lifted its holdings in American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 75 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of American Water Works by 2.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock worth $408,000 after acquiring an additional 79 shares in the last quarter. Invesco LLC grew its position in American Water Works by 3.4% during the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 82 shares during the last quarter. Asset Dedication LLC increased its holdings in American Water Works by 1.6% during the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after purchasing an additional 85 shares in the last quarter. Finally, Moody National Bank Trust Division raised its position in American Water Works by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the subject of a number of research reports. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Bank of America reaffirmed an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Finally, Wolfe Research raised American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average price target of $142.29.

American Water Works Stock Up 0.6 %

Shares of AWK stock opened at $138.70 on Friday. The firm’s fifty day moving average price is $140.27 and its two-hundred day moving average price is $137.64. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The firm has a market capitalization of $27.03 billion, a P/E ratio of 27.46, a PEG ratio of 3.22 and a beta of 0.70.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.21%. American Water Works’s dividend payout ratio is 60.59%.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.08% of the company’s stock.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.